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Talking Points

December 15 2003, 12:00am, The Times

Smaller stock to watch

CHEMRING, the specialised defence manufacturer with a market capitalisation of £103 million, has seen its shares rise 70 per cent from a February low, boosted by sales of its Kilgore flares. These combat heat-seeking missiles were widely used in Iraq. As the US ponders laws to force commercial airliners to use missile protection systems, Chemring’s prospects appear strong.

Bet of the day

WHERE will the Dow Jones industrial average, which broke through the 10,000 mark last week and is nearing a 2003 high, finish the year? Paddy Power, the bookmaker, is offering 8-11 against the index closing at, or above, 10,000 on December 31, and evens against it closing below 10,000 on the same date.

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